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August 17, 2026

Court

Novig sues Wisconsin over sports event contracts in widening prediction market dispute

Novig sues Wisconsin over sports prediction market rules Novig operator Ludlow Exchange sued Wisconsin Attorney General Josh Kaul and gaming official John Dillett in federal court, seeking to block the state from treating its sports event contracts as illegal gambling. Novig says the contracts are swaps under the Commodity Exchange Act and fall under CFTC jurisdiction, a fight that could shape whether prediction markets can operate across state lines and plug into crypto infrastructure.

August 14, 2026

Court

HTX and UK FCA pause court case for settlement talks over crypto promotions

FCA and HTX enter settlement talks in UK crypto promotion case The UK Financial Conduct Authority and HTX are in settlement talks over allegations the exchange illegally promoted its services to British consumers, with High Court proceedings paused until late August. The FCA sued HTX in October, accusing the platform of targeting UK users without authorization; neither side disclosed possible terms and both declined to comment to Reuters.

Court

Blockchain Association urges Supreme Court to hear Custodia Fed account case

Blockchain Association backs Custodia Supreme Court bid over Fed account denial The Blockchain Association on Wednesday filed an amicus brief urging the US Supreme Court to hear Custodia Bank’s challenge to the Kansas City Fed’s denial of a master account, arguing the Monetary Control Act requires Fed payment services for eligible nonmember depository institutions and does not give regional Reserve Banks broad discretion to refuse. The Kansas City Fed must respond to Custodia’s petition by September 11.

Court

Delio CEO Gets 15 Years as Seoul Court Convicts on Embezzlement, Drops Main Fraud Count

Seoul court gives Delio CEO 15 years in crypto embezzlement case The Seoul Southern District Court sentenced Delio CEO Jeong Sang-ho to 15 years in prison after convicting him of embezzlement and using false documents to register Delio as a virtual asset service provider. The court acquitted him on the main fraud charge tied to about 250 billion won ($175.6 million) and 2,800 alleged victims, ruling key server evidence was illegally obtained, but still called the surviving crimes “extremely grave” and ordered him detained as a flight risk.

August 13, 2026

Court

Seoul Court Sentences Delio CEO to 15 Years After Evidence Dispute Cuts Fraud Case

Seoul court gives Delio CEO 15 years as evidence ruling slashes fraud case A Seoul court sentenced Delio CEO Jeong Sang-ho to 15 years in prison over the South Korean crypto platform’s collapse, but a flawed search of host Gabia gutted much of the prosecution’s case. After the court threw out Delio’s database and related evidence, the case shrank from about 2,800 alleged victims and 250 billion won to roughly 1,100 victims and 70 billion won; Jeong was also convicted of obtaining Delio’s VASP registration with a falsified accounting report.

August 12, 2026

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California Man Arrested in Alleged $97,000 Coinbase Theft From 89-Year-Old Retiree

California man arrested over alleged $97,000 Coinbase theft from retiree Ventura County investigators arrested 26-year-old William Ly on Aug. 4 on suspicion of financial elder abuse, grand theft and identity theft after alleging he drained more than $97,000 from an 89-year-old man’s Coinbase account through 80-plus unauthorized crypto transfers over 15 months. Detectives say Ly befriended the victim at a retirees’ breakfast club, reset the account password and routed funds to accounts and wallets allegedly tied to him.

August 11, 2026

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Russian Authorities Say Nine Crypto Laundering Channels Were Shut in Moscow City

Russia says it dismantled nine crypto laundering channels in Moscow City Russia’s FSB and Interior Ministry said they shut down nine foreign-coordinated cryptocurrency channels in Moscow City and detained more than 20 staff from unregistered exchange offices, along with several couriers. Investigators claim the network helped move funds stolen by Ukrainian call centers targeting Russian citizens abroad; criminal cases for large-scale organized fraud have been opened, with suspects facing up to 10 years in prison.

Court

CFTC accuses Goliath Ventures of running $397 million crypto Ponzi scheme

CFTC sues Goliath Ventures and CEO over alleged $397M crypto Ponzi The CFTC sued Florida-based Goliath Ventures and CEO Christopher Delgado, alleging they raised at least $397 million from about 1,600 customers by claiming bitcoin and ether would be deployed to DeFi liquidity pools, while no funds were invested and customer money was misappropriated. Prosecutors separately charged Delgado in February, and he pleaded guilty in June to wire fraud and money laundering counts.

August 9, 2026

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Three St. Louis Men Charged in Connecticut Plot to Force Transfer of Stolen Bitcoin

Three St. Louis men charged in Connecticut bitcoin extortion plot Federal prosecutors in Connecticut charged Sedric Louis, John Davis, and Martel Williams with conspiracy to interfere with commerce by robbery, alleging they planned to force their way into a home and make a victim transfer bitcoin tied to a theft worth hundreds of millions. The men, all from St. Louis, each face up to 20 years; two remain in custody and all three have pleaded not guilty.

Court

DOJ Charges Few and Far Founder Over $10M Raise Tied to NFT Marketplace and FAR Token

DOJ indicts Few and Far founder over $10M NFT marketplace raise U.S. prosecutors on Aug. 5 charged Few and Far founder Taj Tarsha with securities fraud and wire fraud, alleging he raised more than $10 million from 67 investors for an NFT marketplace and FAR token, then spent the money on gambling, crypto speculation, and personal expenses including a Miami condo loan. FAR launched in May 2024 and later fell more than 99%; each charge carries a potential sentence of up to 20 years.

August 7, 2026

Court

Bybit files U.S. suit against North Korea over $1.5 billion Lazarus hack

Bybit sues North Korea and Lazarus over $1.5B crypto hack Bybit has filed a civil suit in U.S. federal court against North Korea, its Reconnaissance General Bureau and the Lazarus Group over the Feb. 21, 2025 hack that drained more than 400,000 ETH and staked ETH, worth about $1.5 billion. The exchange also secured a preliminary injunction blocking identified stolen assets from being moved while the case proceeds, as it seeks recovery alongside ongoing U.S. criminal investigations.

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US appeals court leaves Sam Bankman-Fried conviction and $11 billion forfeiture in place

US appeals court upholds Sam Bankman-Fried conviction A Second Circuit panel upheld Sam Bankman-Fried’s conviction on seven felony counts and backed the $11 billion forfeiture order, ruling that shifting customer funds from FTX to Alameda Research was fraud from the start. The judges also rejected the defense claim that later repayment could negate the crime, leaving him with few options beyond a possible Supreme Court appeal or executive clemency.

Court

MyTrade Founder Liu Zhou Fined After Guilty Plea in Crypto Wash Trading Case

MyTrade founder Liu Zhou fined after guilty plea in crypto wash trading case U.S. authorities fined MyTrade founder Liu Zhou $10,000 after he pleaded guilty to conspiracy to commit market manipulation and wire fraud in a wash trading scheme. Prosecutors said Zhou used MyTrade MM’s automated bots to generate fake trading volume for nearly 60 cryptocurrencies across exchanges, before an undercover FBI operation exposed the activity. As part of the settlement, MyTrade shut down its wash trading bots, ended its “Volume Support” service, and was ordered to warn customers that wash trading violates U.S. law.

August 6, 2026

Court

MyTrade Founder Fined $10,000 After Guilty Plea in Crypto Wash-Trading Case

MyTrade founder fined after admitting crypto wash-trading scheme A federal court in Boston fined MyTrade founder Liu Zhou $10,000 after he pleaded guilty to conspiracy to commit market manipulation and wire fraud over a bot-driven wash-trading service. Prosecutors said MyTrade generated millions of dollars in fake daily volume for about 60 tokens, and the FBI exposed the operation through an undercover NexFundAI token sting.

Court

Ex-LAPD Officer Sentenced in Bitcoin Home Invasion as New US Crypto Robbery Case Emerges

Ex-LAPD officer gets life plus 15 years for $350K Bitcoin home invasion Former LAPD officer Eric Halem, 38, was sentenced on Aug. 4 to life plus 15 years in state prison after being convicted of kidnapping and robbery in the 2024 home invasion theft of about $350,000 in BTC from a 17-year-old in Koreatown. Prosecutors said Halem and three co-conspirators posed as police serving a search warrant and forced the teen to hand over a hard drive holding the Bitcoin.

Court

Binance affiliates seek $472.8M from RedotPay in Hong Kong user-diversion lawsuit

Binance sues RedotPay for $472.8M in Hong Kong over alleged user diversion Binance affiliates Nest Trading, DistributedTechnologies, and Chaintecs Consulting Singapore have sued RedotPay founders Gao Zhangpeng, Chan Wa Choi, and Yao Chao in Hong Kong, alleging the firm diverted more than 470,000 Binance Card users through Binance Pay outside agreed commercial terms. The plaintiffs say the breach cut the long-term value of the Binance Card business and are seeking $472.8 million in damages. RedotPay denies all allegations, says the case will not disrupt operations, and faces related proceedings filed by Chaintecs in Singapore, where a hearing is set for Friday.

August 5, 2026

Court

Few and Far founder charged in Manhattan over alleged $10M FAR token fraud

Manhattan prosecutors charge Few and Far founder with $10M fraud Federal prosecutors in Manhattan charged Few and Far founder Taj Tarsha with securities and wire fraud, alleging he raised more than $10 million by selling 95 million FAR tokens to at least 67 investors, then diverted the money to gambling, speculative crypto trades and a Miami condo loan instead of building the NFT marketplace. Prosecutors say FAR later went live in May 2024, then became effectively worthless and stopped trading soon after.

Court

Former LAPD Reserve Officer Sentenced to Life in Teen Bitcoin Kidnapping Case

Ex-LAPD reserve officer gets life plus 15 years in $350,000 Bitcoin kidnapping case A Los Angeles County judge sentenced former LAPD officer Eric Halem to life in prison plus 15 years after a jury convicted him of kidnapping and robbing a 17-year-old of a hard drive holding $350,000 in bitcoin. Prosecutors said Halem and three co-conspirators forced their way into a high-rise apartment and threatened to kill the victim unless he handed it over; the judge also denied Halem’s request for a new trial.

Court

DOJ Charges FBI Agent Over Alleged $1 Million Crypto Theft From Government Wallets

DOJ indicts FBI agent over alleged $1M crypto theft The DOJ has indicted FBI supervisory special agent Patrick Steven Yaroch, accusing him of stealing nearly $1 million in cryptocurrency from government-controlled wallets tied to an investigation. Prosecutors say Yaroch used seed phrases to move funds in 2024 and 2025, transferred about $1.02 million to Suilend, and later used ChatGPT to research investing the money and relocating to Europe. Investigators say they have recovered about $925,426.

Court

Three Missouri Men Plead Not Guilty in Alleged Connecticut Bitcoin Robbery Plot

Three Missouri men plead not guilty in alleged Connecticut Bitcoin robbery plot Federal prosecutors in Connecticut charged Sedric Louis, John Davis and Martel Williams with Hobbs Act robbery conspiracy over an alleged 2024 plan to force a victim to transfer Bitcoin during a home invasion. Prosecutors say the men surveilled the target and his parents for two days, then abandoned the plan; the charge carries up to 20 years in prison. Louis and Davis remain detained, while Williams is free on bond.

Court

Dutch Court Weighs Crypto-Linked Kidnapping and Extortion Case

Dutch prosecutors charge 3 men over crypto-linked kidnapping and extortion Dutch prosecutors have charged three men over a May 1 incident in Nieuw-Vennep in which a man was allegedly held captive in a car and extorted for about $69,000 over a cryptocurrency dispute. Prosecutors say the victim was threatened with a firearm, taken to a wooded area, forced to strip naked, abused on video, and threatened with the footage’s release; suspect Younes B., 24, denies the gun threat, and the next hearing is set for Sept. 8.

August 4, 2026

Court

Second Circuit Issues Mandate Ending Sam Bankman-Fried’s Appeal

Second Circuit formally ends Sam Bankman-Fried appeal The Second Circuit issued its mandate on Aug. 4, formally closing Sam Bankman-Fried’s appeal and locking in the June 12 ruling that upheld his FTX fraud convictions and 25-year sentence. The one-page order adds no new reasoning; it affirms the district court judgment, leaves the roughly $11 billion forfeiture intact, and makes a US Supreme Court petition his only remaining judicial option.

Court

BNB Chain Seeks Action Over ASTEROID Wallet Case as BNB Tests Key August Resistance

BNB Chain pursues legal action over alleged ASTEROID memecoin scheme BNB Chain said on Aug. 1 it is pursuing legal action against a former employee who allegedly kept unauthorized access to a company seed phrase, used it to launch the ASTEROID memecoin, and made an estimated $628,000 in profit. On-chain analyst Lookonchain said four wallets spent about $10,000 to buy 79.67% of supply before selling most of it for roughly 1,103 BNB; BNB Chain said the wallet came from a company token tutorial and that it is cooperating with authorities.

Court

Five Men Convicted Over 52-Hour Kidnap and Blackmail of French Crypto Investors in London

Five convicted over torture and blackmail of French crypto millionaires in London An Inner London Crown Court jury convicted five men over the 52-hour false imprisonment of two French cryptocurrency millionaires abducted in East London last July. Prosecutors said the victims were beaten, bound and scalded with boiling water before transferring $30,000 after demands for $150,000. Two men, Gerson Borges and Mohamed Osman, were also convicted of conspiracy to blackmail in what police called a rare case won without either victim giving evidence.

Court

Kalshi shifts New York’s $36 billion gambling lawsuit into federal court

Kalshi moves New York gambling suit to federal court Kalshi shifted New York’s lawsuit accusing it of running an unlicensed gambling platform into federal court about eight hours after the state filed, sidelining for now the state’s request for an immediate preliminary injunction. New York is seeking at least $36 billion in damages, penalties and related relief, while CEO Tarek Mansour defended Kalshi on CNBC by comparing its exchange model to Nasdaq and arguing the case targets a CFTC-regulated derivatives venue.

August 3, 2026

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Former FBI Agent Indicted After Alleged $1 Million Crypto Theft From the Bureau

Former FBI agent indicted over alleged $1M crypto theft from the FBI Patrick Steven Yaroch, a former FBI special agent, has been indicted on charges of receipt of stolen goods and interstate transportation of stolen goods after investigators accused him of stealing about $1 million in cryptocurrency from the agency. An FBI affidavit says agents found roughly $188,570.58 in his Kraken account, traced about $1 million sent to Suilend, and found ChatGPT queries about investing $1 million and relocating to Portugal.

Court

Five men convicted after London kidnapping forced crypto transfers from French investors

Five convicted in London crypto kidnapping and extortion case A London jury convicted five men after two French crypto investors were held for more than 52 hours and forced to transfer about $30,000 in cryptocurrency under threats and torture, prosecutors said. Gerson Borges and Mohamed Osman were found guilty of conspiracy to blackmail and false imprisonment, while three others were convicted of false imprisonment; alleged organizer Ibrahim Mohamed, known as “Nino,” remains at large.

Court

New York Seeks $36 Billion From Kalshi in Fight Over Prediction Markets

New York sues Kalshi for $36B over prediction markets New York filed suit against Kalshi seeking $36 billion and a temporary restraining order to immediately halt its event contracts in the state, alleging the platform’s prediction markets are unlicensed gambling and citing evidence of wagers from New York accounts. Kalshi says its CFTC registration preempts state gambling law, but New York argues that protection does not apply if the activity is gambling rather than derivatives.

August 2, 2026

Court

Seoul Police Arrest 3 in Alleged $9M XRP Investment Scam Targeting 71 People

South Korean police arrest 3 in alleged $9M XRP investment scam Seoul police said they arrested three suspects accused of running a fake XRP investment platform that collected about 3.4 million XRP, worth 12.3 billion won ($9 million), from 71 investors between Oct. 16 and Oct. 23 before shutting the site and disappearing. Investigators traced 27.3 billion won through related wallets, froze 17.3 billion won in crypto, and said total losses could rise as they pursue another suspect abroad with an Interpol Red Notice.

July 31, 2026

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FTX Recovery Trust Starts Fifth Creditor Payout Round, Sending About $900 Million

FTX begins fifth creditor payout round with $900M distribution Distribution agents for FTX have started releasing about $900 million to creditors in the exchange’s fifth repayment round, with former users reporting Friday that funds sent by the FTX Recovery Trust were arriving through Kraken and scheduled for BitGo and Payoneer. The latest round brings estimated total repayments to roughly $11 billion since FTX’s 2022 bankruptcy.

Court

New York sues Kalshi, seeks to block platform and claims at least $36 billion in damages

New York sues Kalshi, seeks at least $36B over alleged illegal gambling New York has sued Kalshi, accusing the prediction market platform of operating illegal gambling in the state without a New York State Gaming Commission license. The state is seeking a court order to block Kalshi in New York, halt its event contracts through a temporary restraining order, and pursue fines, restitution, disgorgement and at least $36 billion in compensatory damages, pending a full accounting.

July 30, 2026

Court

FTX to Start Fifth Creditor Payout on July 31, With About $900 Million in Claims

FTX starts fifth creditor payout with about $900M on July 31 FTX will begin its fifth creditor distribution on Friday, sending roughly $900 million to holders of allowed claims in its smallest payout round so far. Class 5A Dotcom and 5B U.S. customer claims will each reach 105% cumulative recovery, while general unsecured and digital asset loan claims rise to 103%; creditors with disputed claims, unresolved jurisdictions, or incomplete onboarding with BitGo, Kraken or Payoneer still cannot be paid.

July 29, 2026

Court

Thailand SEC files criminal complaint against Bitkub over 2021 cyberattack reports

Thailand SEC files criminal complaint against Bitkub over 2021 reports Thailand’s SEC has filed a criminal complaint against Bitkub Online and former directors Sakolkorn Sakavee and Thaweesap Rawan, alleging they made false entries in official reports from May 10 to Oct. 30, 2021 after a cyberattack stole more than $50 million in 16 digital assets. The regulator says Bitkub failed to record the loss in daily net capital reports, misleading authorities into believing customer assets were intact; police will investigate before prosecutors decide on indictments.

July 28, 2026

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Police raid ex-Incheon mayor’s home in South Korea crypto disclosure probe

South Korean police raid ex-Incheon mayor over alleged crypto omission South Korean police searched former Incheon Mayor Yoo Jeong-bok’s home and Incheon City Hall offices as they investigate claims he and his wife failed to disclose about 21,000 crypto tokens in mandatory filings for the June 3 local elections. Yonhap said election authorities had already flagged Yoo’s reported assets as about 78 million won below his actual holdings, and police have questioned Yoo, his wife and others tied to the complaint.

Court

Apple sued after fake Sparrow Wallet apps allegedly caused $1.8 million in Bitcoin losses

Apple sued over fake Sparrow Wallet apps that allegedly stole $1.8M in BTC Three users filed a federal lawsuit alleging spoof Sparrow Wallet apps on Apple’s App Store drained about $1.835 million in Bitcoin in 2025 after the software asked for wallet seed phrases and sent funds to attacker-controlled addresses. Apple told MacRumors it removed the impersonating apps and terminated related developer accounts, while the plaintiffs argue Apple’s App Store safety claims led them to trust the downloads.

July 27, 2026

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South Korean Court Says Crypto in Resignation Deals Counts as Taxable Income

South Korean court: company-issued crypto in resignation deals is taxable income A South Korean court ruled that virtual assets paid to employees as part of early resignation agreements were taxable gratuities, not damages. The case involved former Ground1 staff, including A, who received company-issued crypto in September 2020 in exchange for ending disputes and avoiding conduct that could harm the company’s reputation. Their suit to revise tax assessments and recover about $8 million was rejected.

Court

Thailand SEC files criminal complaint against Bitkub over 2021 hack disclosures

Thailand SEC files criminal complaint against Bitkub over 2021 hack reporting Thailand’s SEC has filed a criminal complaint against crypto exchange Bitkub and former directors Sakolkorn Sakavee and Thaweesap Rawan, alleging they hid a 1.7 billion baht ($47 million) theft from a May 2021 hack by submitting false daily net-capital reports from May to October 2021. The case now goes to police and prosecutors to decide whether to take it to court.

Court

Storj Labs seeks Chapter 11 protection while keeping cloud storage network running

Storj Labs files for Chapter 11, plans tokenholder equity access Storj Labs has filed for Chapter 11 bankruptcy protection to restructure legacy debts while keeping its decentralized cloud storage network and customer services running, subject to court approval. The company said it has raised about $35 million from venture funding, grants and its 2017 STORJ token sale, and plans to propose shared ownership for management, investors, community members and STORJ holders, though no eligibility or allocation terms were disclosed.

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Brazil police target cocaine export network tied to crypto laundering and $196 million freeze

Brazil police target cocaine ring tied to crypto laundering and $196M in assets Brazil’s Federal Police said Operation Commodity dismantled a trafficking network that moved more than 6.5 tons of cocaine to Europe through the port of Rio de Janeiro, hiding shipments in coffee, cement and mortar and laundering proceeds through shell companies and cryptocurrency. Authorities carried out 13 preventive arrests and 44 searches across four states, while courts ordered up to 1 billion reais ($196 million) in asset freezes and seizures.

July 26, 2026

Court

Poolin Seeks Chapter 11 Sale of Texas Mining Assets for $52 Million

Poolin files Chapter 11, seeks court approval for $52M Texas asset sale Singapore-based Bitcoin miner Poolin and its US affiliates Lonestar Dream and Lonestar Taproot filed for Chapter 11 in New Jersey on July 22, listing about $173.1 million in prepetition obligations and 10,001-25,000 creditors. Roughly $163.7 million of the debt is tied to unsecured IOUs issued to Poolin Wallet users after withdrawals were frozen in 2022, while the case is centered on a proposed $52 million stalking-horse sale of its Texas mining assets to Thor CALAP LLC.

July 25, 2026

Court

Chinese court jails five Sifang operators over $428M USDT-linked gambling network

Chinese court jails five Sifang operators over $428M USDT gambling network Chinese courts sentenced five operators of the Sifang payment platform to three to six years in prison for illegal business operations tied to an online gambling network that moved 2.95 billion yuan ($428 million) through USDT, bank cards and third-party payment accounts. The court upheld Ma’s 4.5-year term and 3 million yuan fine; Zhu got five years, Zhang six years, and investigators used Tether wallet data and OKX records to trace the flows.

July 24, 2026

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Wisconsin files criminal charges against Circle over disputed USDC seizure order

Wisconsin files criminal charges against Circle over USDC seizure order Wisconsin authorities have filed criminal charges against Circle, alleging it refused to comply with a Walworth County court warrant to seize about $381,000 in fraud-linked USDC and reissue the funds to the sheriff’s department. Circle says its current USDC design cannot invalidate or transfer tokens from a third-party wallet, while regulators argue the company could enable that through contract upgrades.

Court

Thailand SEC files criminal complaint against Bitkub over alleged false post-hack reports

Thai SEC files criminal complaint against Bitkub over 2021 hack reporting Thailand’s SEC has filed a criminal complaint against Bitkub Online and former directors Sakolkorn Sakavee and Thaweesap Rawan, alleging they filed false net capital reports after a May 2021 hack that stole 16 digital assets worth about 1.7 billion baht ($48 million). The case now goes to the Economic Crime Suppression Division; Bitkub said it withheld disclosure to prevent a bank run and later replaced the assets.

July 23, 2026

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SEC to pay Coinbase $150,000 to settle records lawsuit over missing Gensler texts

SEC settles Coinbase records lawsuit for $150,000 The US Securities and Exchange Commission agreed to pay Coinbase $150,000 in legal fees to end a two-year lawsuit over internal agency records tied to the Biden-era crypto crackdown. The case followed a watchdog report that found the SEC lost nearly a year of former Chair Gary Gensler’s text messages because of “avoidable errors,” and Coinbase said the agency has since fixed its record-retention policies.

July 22, 2026

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Movement Labs Seeks Chapter 11 Protection After Months of MOVE Token Fallout

Movement Labs files for Chapter 11 in Delaware Movement Labs has filed for Chapter 11 protection in the U.S. Bankruptcy Court of Delaware, listing under 1,000 creditors, $100,000-$500,000 in assets and more than $1 million in liabilities. The filing follows months of fallout from the MOVE token scandal, including a $66 million dump tied to market maker Rentech after the Binance listing; the largest unsecured claim, at over $1.6 million, belongs to former co-founder Ruhikesh Manche. The first creditor hearing is set for Aug. 20.

Court

SEC to Pay Coinbase $150K After Lost Gensler Texts in Records Dispute

SEC to pay Coinbase $150,000 over lost Gensler text messages The SEC agreed to pay Coinbase $150,000 and revise its record-retention policies after the agency lost nearly 11 months of former Chair Gary Gensler’s crypto-related text messages. An SEC Inspector General review said avoidable IT failures and a factory reset wiped messages from Oct. 18, 2022, to Sept. 6, 2023, despite Coinbase’s request for communications tied to crypto policy and enforcement.

Court

DOJ seeks forfeiture of over $25 million in crypto tied to romance and investment scams

DOJ files to seize over $25M in crypto tied to fraud networks The US Department of Justice has filed five civil forfeiture complaints seeking more than $25 million in cryptocurrency allegedly tied to international romance, investment, and recovery scams that targeted victims in the US and Canada. The biggest case seeks about $12.1 million linked to romance schemes affecting more than 200 victims, while another targets $10.4 million tied to over 270 suspected victim transactions; investigators said the funds were laundered through multi-wallet transfers, with networks largely based in Southeast Asia.

Court

SEC Alleges Mining Automatic Ran $22 Million Crypto Mining Investment Fraud

SEC sues Mining Automatic, founder over alleged $22M crypto mining fraud The SEC sued Massachusetts-based Mining Automatic and founder Zan Shaikh, alleging they raised $22 million from 380 investors between 2023 and 2025 by promising crypto-mining returns above 46% annually. The regulator claims only about 13% of funds went to mining, while $7 million was spent on marketing and payouts took on Ponzi-like characteristics; payments allegedly stopped by March 2025, leaving more than $20 million in principal unpaid.

July 21, 2026

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Digital Chamber sues Illinois over planned 0.2% tax on digital asset transactions

Digital Chamber sues Illinois over new 0.2% crypto transaction tax The Digital Chamber filed a federal lawsuit Tuesday seeking to block Illinois from enforcing its new 0.2% tax on crypto transactions, arguing the measure violates the U.S. and Illinois constitutions and is preempted by the Internet Tax Freedom Act. The tax, inserted into the state budget last month, is set to take effect in January and applies to Illinois-based entities or service providers with more than $100,000 in gross receipts.

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MVMT Labs Chapter 11 Filing Sends MOVE to Record Low as Move Industries Distances Itself

MVMT Labs files Chapter 11 as MOVE hits record low MVMT Labs, the original developer of Movement, filed for Chapter 11 bankruptcy in Delaware on July 15, and the MOVE token fell days later to an all-time low of $0.0104. Court filings list $100,001-$1 million in assets against $1 million-$10 million in liabilities and 200-999 creditors. Move Industries, which took over ecosystem development in 2025, said it is a separate entity and continues to operate normally.